Viavi Solutions (NASDAQ:VIAV) Stock Price Down 5.8% – Here’s Why

Shares of Viavi Solutions Inc. (NASDAQ:VIAV) traded down 5.8% during trading on Wednesday . The company traded as low as $38.45 and last traded at $38.4170. 2,881,032 shares traded hands during mid-day trading, a decline of 48% from the average session volume of 5,572,901 shares. The stock had previously closed at $40.78.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. B. Riley Financial lifted their price objective on Viavi Solutions from $18.00 to $22.00 and gave the company a “buy” rating in a report on Monday, January 26th. Stifel Nicolaus lifted their price objective on Viavi Solutions from $20.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Needham & Company LLC upped their price objective on shares of Viavi Solutions from $28.00 to $36.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Weiss Ratings reissued a “sell (d)” rating on shares of Viavi Solutions in a report on Monday, December 29th. Finally, Rosenblatt Securities boosted their price objective on Viavi Solutions from $27.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, March 18th. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.00.

Viavi Solutions Stock Performance

The stock’s 50-day moving average is $31.85 and its 200 day moving average is $22.26. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.32 and a current ratio of 2.61. The firm has a market cap of $8.83 billion, a P/E ratio of -211.95 and a beta of 0.85.

Viavi Solutions (NASDAQ:VIAV) last posted its earnings results on Wednesday, January 28th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. Viavi Solutions had a positive return on equity of 13.03% and a negative net margin of 3.38%.The business had revenue of $369.30 million during the quarter, compared to analysts’ expectations of $365.25 million. During the same period in the prior year, the business earned $0.13 EPS. Viavi Solutions’s revenue for the quarter was up 36.4% compared to the same quarter last year. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. On average, research analysts predict that Viavi Solutions Inc. will post 0.26 earnings per share for the current year.

Insider Transactions at Viavi Solutions

In other Viavi Solutions news, CEO Oleg Khaykin sold 74,315 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $26.48, for a total value of $1,967,861.20. Following the sale, the chief executive officer owned 1,849,437 shares in the company, valued at approximately $48,973,091.76. The trade was a 3.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Gary W. Staley sold 24,237 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $23.93, for a total transaction of $579,991.41. Following the transaction, the senior vice president directly owned 136,267 shares of the company’s stock, valued at $3,260,869.31. This represents a 15.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 485,772 shares of company stock valued at $12,736,803. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Viavi Solutions

Large investors have recently modified their holdings of the business. Corient Private Wealth LLC increased its position in shares of Viavi Solutions by 3.6% during the 4th quarter. Corient Private Wealth LLC now owns 11,400 shares of the communications equipment provider’s stock worth $204,000 after purchasing an additional 394 shares during the last quarter. Lido Advisors LLC increased its stake in shares of Viavi Solutions by 2.0% during the 4th quarter. Lido Advisors LLC now owns 24,555 shares of the communications equipment provider’s stock worth $438,000 after purchasing an additional 473 shares during the last quarter. Maryland State Retirement & Pension System raised its holdings in shares of Viavi Solutions by 1.5% in the 4th quarter. Maryland State Retirement & Pension System now owns 32,572 shares of the communications equipment provider’s stock valued at $580,000 after purchasing an additional 478 shares during the period. Covestor Ltd lifted its stake in Viavi Solutions by 22.9% in the 3rd quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider’s stock valued at $46,000 after purchasing an additional 676 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in Viavi Solutions by 1.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 51,094 shares of the communications equipment provider’s stock worth $910,000 after purchasing an additional 800 shares during the period. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Viavi Solutions Company Profile

Viavi Solutions Inc is a provider of network test, monitoring and assurance solutions for communications service providers, cable operators, enterprises and government agencies. The company offers an extensive portfolio of fiber optic and copper cable test and measurement instruments, wireless network testing equipment and network performance monitoring software. Its products are designed to support the deployment, maintenance and optimization of high-speed broadband, 5G wireless, data center and enterprise networks.

Viavi’s product offerings are organized into two primary segments: Network & Service Enablement and Optical Security & Performance.